Former Pacific Seafood executive sentenced for embezzlement

A former executive who embezzled hundreds of thousands of dollars from Pacific Seafood Group was sentenced Monday in federal court to two years in federal prison. Andrew Henry Jacobs, 50, spent 11 years at the family-owned company Pacific Seafood Group, rising to serve as vice president of employee leadership and development for the company’s 2,500-member staff. While receiving a six-figure salary, he spent at least his last four years embezzling money from the company, stealing an estimated $900,000, according to prosecutors. He was sentenced after pleading guilty to wire fraud and filing a false income tax return. Using a company credit card and the authority to issue corporate checks, he secretly diverted company funds to purchase electronics, jewelry, firearms, vacations and prostitution services, according to Assistant U.S. Attorney Ryan Bounds. He concealed his theft by doctoring receipts and invoices used to track expenses, according to the prosecutor. click here to read the story 11:08